Muthoot Microfin IPO Mania: Are You Holding a Ticket to Profits? Check Allotment & GMP Inside!
4 mins read

Muthoot Microfin IPO Mania: Are You Holding a Ticket to Profits? Check Allotment & GMP Inside!

Share Our News

Muthoot Microfin IPO Mania: Are You Holding a Ticket to Profits? Check Allotment & GMP Inside!

Muthoot Microfin IPO: The share allocation is complete, and investors are now anticipating the Muthoot Microfin IPO listing date, which is most likely on Tuesday, December 26, 2023. Investors can monitor the allocation status of the Muthoot Microfin IPO online following the announcement of share allocation by visiting either the official registrar’s website or the BSE website. The public issue’s official registrar has been named as KFin Technologies Limited.

Today’s Muthoot Microfin IPO GMP

In the meantime, the gray market has turned optimistic following the stock market’s Thursday recovery following a significant sell-off on Wednesday. Stock market experts report that shares of Muthoot Microfin Limited are trading for ₹29 in the grey market today, ₹9 more than the ₹20 grey market premium (GMP) that was offered for the company’s IPO on Thursday.

Checking Your Allotment Status:

Before diving into the market sentiment, let’s first address the most pressing concern: checking your allotment status. You can do this easily through the websites of the Registrar to the Issue (RTA) – Link Intime India Pvt Ltd or NSE/BSE. Simply enter your PAN number and application details, and your allotted shares (if any) will be displayed.

Here’s a concise guide to checking your Muthoot Microfin IPO allotment status on the BSE website:

  1. Visit the BSE website: Open your web browser and go to bseindia.com/investors/appli_check.aspx.

  2. Choose issue type: On the webpage, select ‘Equity‘ as the issue type.

  3. Enter your credentials: Provide either your PAN number or your application number, depending on which one you have available.

  4. Verify your identity: Click the “I’m not a robot” button to confirm you’re a real person.

  5. Initiate search: Click the ‘Search’ button to retrieve your allotment status.

Your allotment status will then be displayed on your screen, indicating whether you have been allotted shares in the IPO.

Muthoot Microfin IPO allotment status check KFintech

1] Login at direct KFintech website — kprism.kfintech.com/ipostatus;

2] Select ‘Muthoot Microfin IPO’;

3] Select ‘Application Number’, ‘Demat Account’ or PAN (For convenience, here we are taking Application Number);

4] Enter Application Number;

5] Enter Captcha; and

6] Click at the ‘SUBMIT’ option below.

Your allotment status will then be displayed on your screen, indicating whether you have been allotted shares in the IPO.

The Buzz on GMP:

While allotment status determines your official holding, the Grey Market Premium (GMP) offers a glimpse into market sentiment. For Muthoot Microfin, the GMP currently hovers around ₹45 per share, indicating a positive expectation of the stock price post-listing. This suggests that investors anticipate the share price to rise above the issue price of ₹55 on the listing day, December 29, 2023.

Reasons for the Excitement:

Muthoot Microfin’s strong brand presence in the microfinance sector, coupled with its robust financial performance, has fueled the IPO mania. The company boasts a wide network of branches, a loyal customer base, and a proven track record of profitability. Additionally, the microfinance sector itself is seen as having high growth potential, further adding to the optimism surrounding the IPO.

Read This Also: NDTV Shares Soar 36% in Two Days, Prompting Company Clarification

A Word of Caution:

However, it’s important to remember that the stock market is inherently volatile, and past performance is not necessarily indicative of future results. While the GMP and overall sentiment are positive, investors should approach the listing with cautious optimism and conduct their own due diligence before making any investment decisions.

Stay Tuned for Listing Day:

Regardless of your allotment status, the Muthoot Microfin IPO listing on December 29th promises to be an exciting event. Keep an eye on the market movements and stay informed to make informed decisions about your potential investment. Remember, investing carries inherent risks, so always invest responsibly and consult with a financial advisor if needed.


Share Our News

Leave a Reply

Your email address will not be published. Required fields are marked *